Do you believe $UST will lose peg before March 1st? Here is a strategies for either outcome..
[1/x] π
[1/x] π
2/
Option 1: You believe $UST will de-peg
Bet Yes on @PolymarketHQ prediction market.
You can make ~700% if $UST peg falls below $0.90 on @coingecko for 5 continuous hours anytime before March 1st.
Option 1: You believe $UST will de-peg
Bet Yes on @PolymarketHQ prediction market.
You can make ~700% if $UST peg falls below $0.90 on @coingecko for 5 continuous hours anytime before March 1st.
3/
Option 2: You believe $UST will not de-peg
Bet No on @PolymarketHQ prediction market.
You can make ~10% if $UST doesn't depeg by March 1.
Option 2: You believe $UST will not de-peg
Bet No on @PolymarketHQ prediction market.
You can make ~10% if $UST doesn't depeg by March 1.
4/
Liquidity sucks tho (only $23k) - so can't make a sizeable bet either way..
Personally, I'm not doing this because:
β’ I believe the $UST peg will likely hold (even if @anchor_protocol reduces APY).
β’ Doesn't seem worth it to risk & lock $ for 1 month hoping for 10% ROI.
Liquidity sucks tho (only $23k) - so can't make a sizeable bet either way..
Personally, I'm not doing this because:
β’ I believe the $UST peg will likely hold (even if @anchor_protocol reduces APY).
β’ Doesn't seem worth it to risk & lock $ for 1 month hoping for 10% ROI.
5/
If you believe $UST peg has a decent chance of falling below $0.90 for 5+ hours before March 1, then the risk-reward is pretty good. (700% upside vs 100% downside)
But the low liquidity really sucks because you can't make a sizeable bet.
If you believe $UST peg has a decent chance of falling below $0.90 for 5+ hours before March 1, then the risk-reward is pretty good. (700% upside vs 100% downside)
But the low liquidity really sucks because you can't make a sizeable bet.
6/
So why am I sharing this post if I don't think it's worth it?
I want people to understand that there are all kinds of different ways to make bets in #DeFi.
DYOR, decide what you believe will happen, and then find the right #DeFi instrument to bet on high conviction beliefs.
So why am I sharing this post if I don't think it's worth it?
I want people to understand that there are all kinds of different ways to make bets in #DeFi.
DYOR, decide what you believe will happen, and then find the right #DeFi instrument to bet on high conviction beliefs.
β’ β’ β’
Missing some Tweet in this thread? You can try to
force a refresh
γ
